Brendel Financial Advisors LLC Sells 98 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Brendel Financial Advisors LLC cut its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 2,554 shares of the company’s stock after selling 98 shares during the period. Brendel Financial Advisors LLC’s holdings in PepsiCo were worth $388,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Global Wealth Strategies & Associates grew its holdings in shares of PepsiCo by 59.0% in the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock valued at $27,000 after acquiring an additional 59 shares in the last quarter. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter valued at $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter valued at $31,000. Rakuten Securities Inc. grew its holdings in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after purchasing an additional 96 shares during the period. Finally, Mattson Financial Services LLC bought a new position in PepsiCo during the second quarter valued at $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Up 0.3 %

Shares of PEP stock opened at $144.95 on Wednesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market capitalization of $198.87 billion, a PE ratio of 21.38, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. The business’s fifty day moving average is $156.46 and its 200 day moving average is $166.20.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were given a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.74%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.

Analysts Set New Price Targets

Several equities analysts have weighed in on the company. Royal Bank of Canada reduced their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a report on Friday, October 4th. Barclays reduced their price objective on PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Piper Sandler started coverage on PepsiCo in a research report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a research report on Thursday, October 10th. Finally, Deutsche Bank Aktiengesellschaft upgraded PepsiCo from a “hold” rating to a “buy” rating and increased their target price for the stock from $179.00 to $184.00 in a research report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $180.64.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.